GTA Industrial Market Report Q3 2018

GTA Industrial Market Report Q3 2018

Strong tenant demand has pushed rental rates in the GTA to $6.85 per square foot (+10.0% YoY), with the GTA East growing the most at 21.0% YoY from an average asking rent of $5.12 to $6.19 per square foot.

The GTA had a net new supply of 277,307 square feet in the third quarter, with almost all of it coming from Mississauga.

The largest leasing transaction of Q3 was the Amazon lease of a planned speculative property on Coleraine Drive in Caledon for over one million square feet.

The 2018 Q3 average price per square foot of an industrial investment transaction in the GTA was $149.41 per square foot, a decrease of less than one dollar when compared to the same period one year ago.